Trading patterns can be seen as random data along a path of least resistance. Such random data though beautiful can often be seen as having a pattern in a way quantifiable. Take, for example, the Fibonacci sequence. It has no real power in which direction the market is trending, but often you will see key levels at golden ratios. It's not necessarily a pattern or a law of nature, but the fact that we tend to identify patterns we recognize.
Today I saw a vortex in the
BCHUSD
chart. I am a big fan of using double curves, since what goes up must come down. In doing so, I usually spot a pretty typical trend either converging or diverging using lows and highs. Today I zoomed out to see a rather strange set of double curves that look like a vortex.
Then it hit me.
People are like vortices spinning and crashing against idealistic highs and lows and their own patterns and predictions when a market is uncertain. When a trend crashes out, a new one forms, inverting the curve, what we call a reversal from being oversold or undersold. The best part is that all curves converge at a single point unless crashing, so this method of graphing is easy enough to get the hang of.
If this appears true, early April should be interesting. I predicted a breakout up for
ETHUSD
around early April, and I believe that other cryptocurrencies will also make a break for it at the same time. I just couldn't see it in this chart pattern until I graphed the vortex.
Today I saw a vortex in the
BCHUSD
chart. I am a big fan of using double curves, since what goes up must come down. In doing so, I usually spot a pretty typical trend either converging or diverging using lows and highs. Today I zoomed out to see a rather strange set of double curves that look like a vortex. Then it hit me.
People are like vortices spinning and crashing against idealistic highs and lows and their own patterns and predictions when a market is uncertain. When a trend crashes out, a new one forms, inverting the curve, what we call a reversal from being oversold or undersold. The best part is that all curves converge at a single point unless crashing, so this method of graphing is easy enough to get the hang of.
If this appears true, early April should be interesting. I predicted a breakout up for
ETHUSD
around early April, and I believe that other cryptocurrencies will also make a break for it at the same time. I just couldn't see it in this chart pattern until I graphed the vortex.